Overview

• BloombergNEF cut its US EV outlook for the first time, trimming 14 million vehicles from projections through 2030 and forecasting the country will trail the global adoption rate until 2040
• Global electric vehicle sales are set for a record year, with China expected to account for nearly two-thirds of the projected 22 million plug-in vehicles and about 70 percent of worldwide production
• The Trump administration has moved to eliminate the up-to-$7,500 federal EV tax credit, ease national fuel-economy standards and strip California’s waiver to set its own emissions rules, undermining domestic demand
• Facing regulatory uncertainty and softer interest, Nissan will roll out its new Leaf in a conservative, targeted fashion aimed at established EV markets such as California and Colorado
• VinFast has shifted to a franchised dealership network in the US, opening its first California store as part of a broader strategy to strengthen its market presence